Sieyuan Qingneng Power Electronic Co., Ltd. announced that it will raise CNY 500,000,000 in an equity round of funding on March 13, 2024. The transaction will include participation from returning investor, Sieyuan Electric Co., Ltd. The company's registered capital will be raised from CNY 166,120,000 to CNY 666,120,000. The transaction has been approved by Sieyuan Electric Co., Ltd.'s 6th meeting of the 8th board of directors